Zhongwang and Aleris further extend their merger deal
According to a report published by Reuters, China Zhongwang and Cleveland’s Aleris Corporation decided to extend their merger agreement through September 29, representatives of the two companies said. The agreement was scheduled to expire September 15.
"We remain in discussions with Zhongwang USA on the pending acquisition of Aleris," Aleris spokesman Jason Saragian said in an email. “To allow those discussions to continue, we have decided to extend our merger agreement through September 29.”
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In 2016, Aleris Corporation, a global aluminium rolled products producer, announced that it had entered into a definitive agreement to be acquired by Zhongwang USA LLC, a company majority-owned and led by Mr. Liu Zhongtian.
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